VEN1460

Oilfield Construction and Roustabout Services Provider

Southwest US
 

The company is an oilfield construction and roustabout services provider in the Bakken Formation and the Permian Basin.

Key Aspects:

  • Services numerous well-known oil and gas companies in the Permian Basin and the Bakken Formation
  • Currently experiencing rapid growth
  • Approximately 30 employees in the Bakken and 150 in the Permian with an expansion goal of 400 employees within the next 12 months
  • Wide array of specialized product offerings and highly adaptable to the market and customers needs
  • Currently has Master Service Agreements with numerous large clients
  • Accident free since 2014 and has an OSHA TRIR of zero

    Opportunities:

    • Continue to expand Texas operations
    • Purchase additional equipment to expand service offerings
    • Injecting cash into the business will eliminate the company's need to factor receivables
    • Trending increases in OSHA regulations and standards factor into increases in demand for safety services
    • Expanding in midstream and alternative energy construction
    • Include Vapor Recovery Units for oil and gas industries
       
       
       
      Year:

      2016

      Tax Rtns

      '000

      2017

      Tax Rtns

      '000

      2018

      Tax Rtns

      '000

      2019

      Internal

      '000

      Turnover3,8185,7316,16218,310
      Gross Profit:1,5648795,16211,815
      Adj. EBITDA *9715139051,345
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited